manage bankruptcy

Manage bankruptcy to save money.

BANKRUPTCY IS AN EXPENSIVE PROCESS.

You could lose your home and add costs of up to £60,000 if you let trustees control repayment of your debt*. Know your options to manage bankruptcy.

*A trustee can charge c.£300 per hour and charge a Secretary of State fee of 17.5% on the amount raised from the sale of your home. Your creditors can claim 8% statutory interest on outstanding amounts.

Repay your bankruptcy using equity from your house.

By using our ‘Funds Transfer’ service, we can provide funds to manage bankruptcy:

• Pay your CREDITORS
• Pay your TRUSTEE and avoid more fees.
• CANCEL the BANKRUPTCY
• Stop REPOSSESSION of your house.

We understand the emotional and financial difficulties bankruptcy will cause and we know most people do not know there are other ways to manage bankruptcy and avoid adding trustee fees to your debt.

FREE ADVICE TO MANAGE BANKRUPTCY…

We offer immediate access to our FREE ADVICE CENTRE about managing bankruptcy. There is not any obligation to use any of our services but we know the cost of our services has saved our clients a lot of money so we let the numbers speak for themselves. Part of our help is simply making sure you know all the options we can offer to avoid adding more debt to your bankruptcy…

…it’s FREE and could save you Thousands of Pounds!

…FROM OUR IN-HOUSE EXPERTS

We have in-house, completely regulated experts, including solicitors, mortgage advisers and insolvency practitioners – our advice is completely free and there is absolutely no obligation to use our charged services.

By reviewing your bankruptcy details and your assets, we will be able to tell you whether we can help you avoid more trustee fees and how much our ‘Funds Transfer’ service will cost.

Avoid Bankruptcy Charges & Trustee Fees

BANKRUPTCY CHARGES CAN DOUBLE A DEBT.

You could lose your home and ADD bankruptcy fees and/or costs of up to £60,000 if you let trustees control repayment of your debt*.

*A trustee charged to manage a banckruptcy and ensure all debt is repaid can charge c.£300 per hour and you could be charged a Secretary of State fee of 17.5% on the amount raised from the sale of your home to repay your bankrupt debt.

Meanwhile, your bankruptcy creditors can also claim 8% statutory interest on outstanding amounts.

You will save money the sooner you can repay your debts.

Your house can be forcibly sold up to three years after your bankruptcy order if there is no other way to repay your debts.

You will probably get a higher price for your house if you sell it yourself and you could avoid thousands of pounds in added cost.

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Repossession Orders

WARNING: DO NOT LET YOUR HOUSE GET REPOSSESSED AS IT MIGHT GET SOLD AT A TRADITIONAL AUCTION FOR A LOW SALES PRICE. THE HIGHER THE SALE PRICE, THE MORE MONEY YOU WILL RECEIVE WHEN ALL YOUR DEBTS ARE PAID FROM THE SALE. IF YOUR HOUSE SELLS FOR LESS THAN THE LOANS AGAINST IT, YOU MIGHT HAVE TO PAY THE REST BY SELLING OTHER ASSETS.

In A Nutshell

We can organise a cash advance to pay off your debts so you can sell your property using our modern auctions so that you get a better price for your home AND a cash advance so that you are able to pay move into rented accommodation on your own terms.

Note: Not all auctions are the same! See why ours are best.

Home repossession is the same process as ‘mortgage possession’ – it is a process lenders go through to recover money owed to them if the terms of repayment are broken by the borrower (debtor).

When a house is sold in the repossession process, any money that exceeds the mortgage loan or any other loan secured on the property or the court costs and fees is returned to the subject of the repossession order (the person whose home is sold).

Who Can Repossess Your Home

Your home can be repossessed by your mortgage lender if you fail to make the scheduled mortgage repayments agreed in the loan agreement.

Your home can also be repossessed by a lender of other loans if you have used your house or any equity tied into your house value to secure the loan.

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Vendors and Buyers working with National Residential is positive

Working with National Residential is positive for both Vendors AND Buyers

At National Residential, we work hard to ensure that the house sale process we offer is quick, simple and efficient for both vendors and buyers, thanks to our experienced and friendly team of customer service professionals, property-sale specialists and panel solicitors.

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Selling your Home Online

Selling your Home Online

Your home is likely to have been the biggest purchase you have ever made, so when it comes to selling it, you probably only have one route in your mind – the tried-and-tested traditional route of the High Street Estate Agency: the familiar ‘man in suit’ coming round with a laser measuring device and a clipboard, taking photos of your unnaturally clean and clutter-free rooms, and then enthusiastically leading family after family around your home and emphasising words like ‘functional’ and ‘bijoux’ and drawing attention away from the slightly suspect plastering job in the kitchen…

When selling your home with traditional High Street Estate Agencies, the audience of potential buyers you are able to reach can be a little limited. You may find your audience restricted to people who are physically passing by the Estate Agency and have a spare moment in their busy schedule to look in the window, as well as the few people who still look at the property pages of the local free newspaper (before ‘filing it’ straight in the recycling bin), and visitors to sites such as Rightmove and Zoopla who just happen to enter the exact search criteria for your unique property.

Selling your home online with National Residential is different – investors and property developers, as well as people looking to buy a new family home, regularly visit our innovative auction site. Our Professional buyers aren’t necessarily put off by pictures of messy rooms, a dated kitchen or a lack of curb appeal, unlike many traditional house buyers. Our professional buyers are looking for properties at the right price and that offer a good investment opportunity, and they want a fuss-free sale that can be completed quickly and efficiently, something that National Residential can help to provide.

So why not consider selling your house online through National Residential? Phone today for more information about our innovative, yet trustworthy, selling process – call us now on 0800 612 3694 or 01244 757152

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Trusted Online Estate Agent

Trusted Online Estate Agent

Every so often, we get a telephone call from a customer asking ‘Why can I trust National Residential with my property sale? What makes you so different from High Street Estate Agencies?’ and we are always happy to explain the numerous benefits of selling property with us!

Let’s clear up one important detail straight away! We are registered with the Property Ombudsman, just like High Street Estate Agencies, and are therefore subject to the same ‘good practice’ guidelines. This means that we work incredibly hard to ensure that all of our actions are honest and transparent, and will work closely with both vendor and buyer to ensure property sales happen swiftly and easily, without complication or ‘hidden’ fees.

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A Quick Sale – National Residential

A Quick Sale

“About 15 years ago, my family found themselves in a bit of a difficult situation. We had overstretched ourselves with our mortgage in order to invest in a property that had a lot of potential, but redundancy hit before we were able to realise that potential. As a result, our capacity to continue paying large monthly repayments put more and more pressure on our small family. We put our house up for sale with a traditional High Street Estate Agency, but whilst we waited for our property to sell, the entire focus of our life became about money: How could we keep making mortgage repayments on a reduced income? How much work could we take on to cover the mortgage and our essential living expenses? It was a difficult time, and with hindsight, a guaranteed and quick sale – the likes of which National Residential offer – could have been a good option for us”

This is a real account from a member of the National Residential team, and highlights the stress that a house sale – particularly one that has been imposed on you for negative financial reasons – can have on a family.

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Auction Properties UK

Auction Properties UK

Are you looking for a new family home or a new investment property to add to your portfolio?

If so, why not consider bidding on one of the properties currently for sale on the National Residential online UK property auction site?

With National Residential, it is simple to place a bid on one of our properties, and you can do this easily, 24 hours a day from the comfort of your PC or mobile device. We use the very latest technology to enable buyers to monitor properties, place bids, arrange viewings, ask questions, and to keep buyers constantly informed of the current bids and the ‘Best and Final’ end dates for online bidding. But we do not offer a ‘faceless’ or impersonal service – we work with the very best local estate agents to carry out viewings and to help buyers make offers on our properties.

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Auction Properties

Auction Properties

In this ‘Digital Age’, where anything and everything is available to purchase online, the likelihood is that most people have used an auction site to buy or sell something, however small. I’ve used eBay, for example, a few times – it’s quick and easy to use, though I am extremely conscious of the fact that I don’t want to get too comfortable using it and end up with a whole house full of random stuff purchased ‘because it was a bargain’… Anyway, despite their user-friendly nature and the fantastic range of products that are available on buy through online auction sites, they do still appear to have issues associated with their human users – how many of you have run into problems, either with a buyer or a seller, who doesn’t fulfil their end of the sale? I certainly have.

As a result of issues that people may have experienced on other auction sites, when some people see National Residential’s innovative auction service, they are a little bit dubious – they want to know: is it really possible to sell a house with an online auction system? Given that nearly everyone has had a dodgy experience on an auction site where either a buyer or seller hasn’t fulfilled their obligations, how can National Residential ensure that buying a house via their online auction works for both the vendor and the buyer?

National Residential’s success with their online auction system is all down to the technology that they have incorporated into the system, as well as their dedicated team of experienced customer service staff who work tirelessly behind the scenes to ensure that all parties involved in the sale are serious and have the funds available to complete. Their hard work really has paid off – thanks to their rigorous buyer approval procedures, 95% of all agreed sales complete!

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Property News UK